Key Points
- Major shareholder Glenbrook Capital Management bought 7,000 shares of Senestech at $1.61 each on June 8, bringing its total holdings to 954,144 shares. The purchase was disclosed in an SEC filing.
- Glenbrook has been actively adding to its position, with several earlier purchases in June and May, including 13,159 shares on June 5 and 146,249 shares on March 13.
- Senestech’s stock was up 5.2% in the session noted, but the company remains small and unprofitable, with recent quarterly revenue below expectations and analysts' average rating at Hold.
Senestech, Inc. (NASDAQ:SNES - Get Free Report) major shareholder Glenbrook Capital Management bought 7,000 shares of Senestech stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of $1.61 per share, for a total transaction of $11,270.00. Following the acquisition, the insider owned 954,144 shares in the company, valued at approximately $1,536,171.84. This represents a 0.74% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Glenbrook Capital Management also recently made the following trade(s):
- On Friday, June 5th, Glenbrook Capital Management bought 13,159 shares of Senestech stock. The stock was acquired at an average cost of $1.57 per share, for a total transaction of $20,659.63.
- On Thursday, June 4th, Glenbrook Capital Management bought 8,230 shares of Senestech stock. The stock was acquired at an average cost of $1.65 per share, for a total transaction of $13,579.50.
- On Monday, May 18th, Glenbrook Capital Management bought 10,000 shares of Senestech stock. The stock was acquired at an average cost of $1.59 per share, for a total transaction of $15,900.00.
- On Friday, May 15th, Glenbrook Capital Management bought 7,120 shares of Senestech stock. The stock was acquired at an average cost of $1.65 per share, for a total transaction of $11,748.00.
- On Thursday, May 14th, Glenbrook Capital Management bought 15,000 shares of Senestech stock. The stock was acquired at an average cost of $1.72 per share, for a total transaction of $25,800.00.
- On Tuesday, April 28th, Glenbrook Capital Management purchased 3,000 shares of Senestech stock. The stock was purchased at an average price of $1.47 per share, with a total value of $4,410.00.
- On Tuesday, March 17th, Glenbrook Capital Management purchased 19,725 shares of Senestech stock. The stock was purchased at an average price of $1.79 per share, with a total value of $35,307.75.
- On Monday, March 16th, Glenbrook Capital Management purchased 5,060 shares of Senestech stock. The stock was purchased at an average price of $1.86 per share, with a total value of $9,411.60.
- On Friday, March 13th, Glenbrook Capital Management purchased 146,249 shares of Senestech stock. The stock was purchased at an average price of $1.95 per share, with a total value of $285,185.55.
Senestech Stock Up 5.2%
Shares of SNES opened at $1.61 on Tuesday. Senestech, Inc. has a 52 week low of $1.41 and a 52 week high of $6.24. The stock has a market capitalization of $8.53 million, a price-to-earnings ratio of -0.85 and a beta of 0.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.79 and a current ratio of 8.91. The stock has a fifty day moving average of $1.64 and a 200-day moving average of $2.01.
Senestech (NASDAQ:SNES - Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.02. The company had revenue of $0.49 million during the quarter, compared to analysts' expectations of $0.63 million. Senestech had a negative return on equity of 67.60% and a negative net margin of 304.22%. As a group, sell-side analysts anticipate that Senestech, Inc. will post -1.57 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Diversify Wealth Management LLC bought a new position in shares of Senestech in the 1st quarter worth about $31,000. Jane Street Group LLC bought a new position in shares of Senestech in the 4th quarter worth about $32,000. Diversify Advisory Services LLC bought a new position in shares of Senestech in the 4th quarter worth about $34,000. XTX Topco Ltd bought a new position in shares of Senestech in the 4th quarter worth about $54,000. Finally, Geode Capital Management LLC bought a new position in shares of Senestech in the 2nd quarter worth about $59,000. 5.19% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Senestech in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold".
Get Our Latest Stock Analysis on SNES
About Senestech
(
Get Free Report)
SenesTech, Inc (NASDAQ: SNES) is a biotechnology company specializing in non-lethal pest management solutions. The company's core focus is the development and commercialization of fertility-based control methods for commensal rodents, providing an alternative to traditional rodenticides. By targeting the reproductive cycle of rats, SenesTech aims to reduce rodent populations over time without the use of toxic chemicals, offering a more sustainable approach for pest management professionals.
The company's flagship product, ContraPest®, is an EPA-registered liquid bait that disrupts rodent reproduction.
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